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1) In an article about the cost of health care, Money magazine reported that a visit to a hospital emergency room for something as simple as a sore throat has a mean cost of $328. Assume that the cost for this type of hospital emergency room visit is normally distributed with a standard deviation of $92. Answer the following questions about the cost of a hospital emergency room visit for this medical service.
a. If the cost to a patient is in the lower 8% of charges for this medical service, what was the cost of this patient's emergency room visit?
Joe's starting salary as a mechanical engineer is around $80,000. Joe is planning to place a total of 10% of his salary each year in the mutual fund. Joe expects 5% salary increase each year for the next 30 years of employment. If the mutual fund wil..
By what percentage did the price of eggs rise? By what percentage did the wage rise?
Identify three factors to consider when selecting a type of contract to apply to an IT project. Discuss how each factor relates to the choice
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Now assume a 7% real discount rate. What would the present discounted value of the project be? Should the project still be approved under this discount rate?
Explain why it is not possible for one agent to have a comparative advantage in all goods, a worked example with calculated values would be useful.
We would like to use these data to compare average air quality between the two years.
The airline industry, despite continued rapid growth, has been only marginally profitable over the last 50 years. What characteristics of the industry result in the lack of satisfactory profits?
Calculate the range, variance, and standard deviation for this data series. Which measure does the best job of describing the dispersion in this variable.
Suppose that the adult population is 152 million, the number of unemployed is 19 million and the labor force participation rate 63%. What is the unemployment rate?
Reflect on voter participation, campaign financing, and the legitimacy of elections. Also discuss whether financing elections solely with tax dollars and banning contributions from special interest groups and individuals would make elections more rep..
What is penetration testing of computer applications? Last paragraph is what is the need for it?
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